Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) had its price target increased by equities research analysts at Eight Capital from C$4.25 to C$4.75 in a research note issued on Thursday, April 19th. Eight Capital’s target price indicates a potential upside of 38.89% from the company’s previous close.
Separately, Scotiabank restated an “outperform” rating and issued a C$5.00 price target on shares of Nevsun Resources in a research report on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Nevsun Resources has an average rating of “Hold” and a consensus target price of C$4.11.
NSU traded down C$0.02 during trading on Thursday, reaching C$3.42. 144,667 shares of the company traded hands, compared to its average volume of 735,387. Nevsun Resources has a 12-month low of C$2.49 and a 12-month high of C$3.57.
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last posted its earnings results on Thursday, March 1st. The basic materials company reported C($0.01) EPS for the quarter. The firm had revenue of C$102.36 million for the quarter. Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%.
About Nevsun Resources
Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha copper- zinc mine in Eritrea.